Midamerica Nazarene University Foundation
- Assets
- $20.8m
- Revenue
- $7.1m
- Investments
- $4.1m
- Employees
- 0
- Location
- Olathe, KS
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 48-0996330
Organization Overview
Midamerica Nazarene University Foundation is located in Olathe, KS. The organization was established in 1985. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midamerica Nazarene University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Midamerica Nazarene University Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $18.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT FOR MIDAMERICA NAZARENE UNIVERSITY THROUGH SCHOLARSHIP FUNDS AND OTHER ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTITUTIONAL SUPPORT FOR 1,856 STUDENTS AT MIDAMERICA NAZARENE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon North Executive Director | OfficerTrustee | 1 | $0 |
Brian G Diddle Director And Chairman | OfficerTrustee | 1 | $0 |
Keith B Cox Director And Secretary | OfficerTrustee | 1 | $0 |
Charles J Nunamaker Director And Vice Chairman | OfficerTrustee | 1 | $0 |
Kevin P Gilmore Director And Treasurer | OfficerTrustee | 1 | $0 |
David J Spittal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $756,688 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,771,631 |
| Noncash contributions included in lines 1a–1f | $35,878 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,528,319 |
| Total Program Service Revenue | $0 |
| Investment income | $387,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,716 |
| Net Gain/Loss on Asset Sales | $257,638 |
| Net Income from Fundraising Events | -$130,326 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,052,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,941,007 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,046 |
| Fees for services: Other | $59,860 |
| Advertising and promotion | $17,246 |
| Office expenses | $19,780 |
| Information technology | $9,643 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,244 |
| Insurance | $0 |
| All other expenses | $3,192 |
| Total functional expenses | $18,141,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,788 |
| Savings and temporary cash investments | $3,820,914 |
| Pledges and grants receivable | $1,493,379 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,059,666 |
| Investments—publicly traded securities | $8,115,906 |
| Investments—other securities | $4,140,871 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,829,524 |
| Accounts payable and accrued expenses | $2,984,129 |
| Grants payable | $0 |
| Deferred revenue | $504,168 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,811 |
| Total liabilities | $3,601,108 |
| Net assets without donor restrictions | -$2,466,232 |
| Net assets with donor restrictions | $19,694,648 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,829,524 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Midamerica Nazarene University Foundation has recieved totaling $320,266.
| Awarding Organization | Amount |
|---|---|
Taking Cara Babies Foundation Glendale, AZ PURPOSE: SIMULATION LAB EQUIPMENT/FACILITIES TO TRAIN NURSES IN PEDIATRIC CARE. PROVIDE SCHOLARSHIPS FOR STUDENTS SEEKING TO BE TRAINED AS PEDIATRIC NURSES. | $200,000 |
Clay Blair Foundation Lenexa, KS PURPOSE: CHARITABLE CONTRIBUTION | $120,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $266 |
Endowment Analysis
| Beg. Balance | $16,299,264 |
| Earnings | -$1,827,985 |
| Admin Expense | $431 |
| Net Contributions | $216,173 |
| Grants | $630,384 |
| Ending Balance | $14,056,637 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hastings College Hastings, NE | $158,855,744 | $47,033,003 |
Newman University Inc Wichita, KS | $79,433,180 | $42,694,112 |
Missouri Valley College Marshall, MO | $51,178,599 | $44,171,288 |
Mcpherson College Mcpherson, KS | $110,145,615 | $65,375,899 |
Southwestern College Winfield, KS | $37,171,313 | $43,054,201 |
Fontbonne University St Louis, MO | $54,325,059 | $38,582,206 |
University Of Saint Mary Leavenworth, KS | $58,659,076 | $37,612,125 |
Culver-Stockton College Canton, MO | $69,827,543 | $36,152,681 |
George Stone Adventist School Lincoln, NE | $65,634,399 | $35,905,654 |
Westminster College Fulton, MO | $90,674,045 | $30,260,128 |
Bethany College Lindsborg, KS | $30,907,955 | $32,360,411 |
Mid-America Christian University Inc Oklahoma City, OK | $46,962,121 | $32,546,102 |